ANU - STUDYAT - Credibility Theory

Offered By:

School of Finance and Applied Statistics

Academic Career:

Undergraduate

Course Subject:

Statistics

Offered in:

Second Semester, 2010

Unit Value:

6 units

Course Description:

This course involves the study of the concepts of decision theory; the fundamental concepts of Bayesian statistics and the calculation of Bayesian estimators; the fundamental concept of credibility theory; the fundamental concepts of simple experience rating systems; and the application of several techniques for analysing a delay triangle and estimating outstanding claim amounts.

Learning Outcomes:

On completion of this course students should have an understanding of and be able to apply the techniques outlined in the course description.

Indicative Assessment:

Mid-semester Exam (30%)

Final Exam (70%)

Workload:

Three contact hours per week plus 7 hours private study time.

Areas of Interest:

Actuarial Studies and Statistics

Requisite Statement:

STAT2001 Introductory Mathematical Statistics

Prescribed Texts: